How to calculate personal income tax for people with many rental properties

Legal Consulting Office of Lao Dong Newspaper answers:

Clause 4, Article 4 of Decree 68/2026/ND-CP Regulating tax policies and tax management for business households and individual businesses (effective from March 5, 2026), stipulates as follows:

4. For individuals leasing real estate who pay personal income tax according to the provisions of Clause 4, Article 7 of the Personal Income Tax Law No. 109/2025/QH15:

a) In case individuals have many real estate for lease in different locations, individuals are allowed to deduct 500 million VND before calculating personal income tax for one or more real estate lease contracts chosen by individuals, but the total amount deducted is no more than 500 million VND per year for all real estate lease contracts. In case the selected real estate lease contract has not yet deducted enough 500 million VND, individuals are allowed to continue to choose other real estate lease contracts to be deducted further until they have deducted enough 500 million VND;

b) In case individuals have many real estate for lease in different locations and there are regulations that the lessee declares and pays taxes instead, when choosing a real estate lease contract to apply the deductible amount when calculating personal income tax, individuals leasing real estate and lessees must clearly stipulate in the real estate lease contract the content of declaration and payment of taxes instead and the amount deducted when calculating personal income tax. In case the real estate lease contract stipulates that tax is declared and paid instead but not fully deducted 500 million VND, individuals are allowed to continue to choose other real estate lease contracts to continue to be deducted until they fully deduct 500 million VND.

Thus, from March 5, 2026, the calculation of personal income tax for people with many real estate for lease is regulated as above.

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